Roadrunner Transportation Systems Inc (RRTS) Moves Higher on Volume Spike for September 15

Equities Staff  |

Roadrunner Transportation Systems Inc (RRTS) traded on unusually high volume on Sep. 15, as the stock gained 1.2% to close at $7.57. On the day, Roadrunner Transportation Systems Inc saw 322,969 shares trade hands on 1,116 trades. Considering that the stock averages only a daily volume of 88,515 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $11.88 and $6.05 over the last 52-weeks, its 50-day SMA is now $7.07, and its 200-day SMA $7.76. Roadrunner Transportation Systems Inc has a P/B ratio of 0.46. It also has a P/E ratio of 11.3.

Roadrunner Transportation Systems Inc provides non-asset based transportation and logistics services including customized and expedited LTL (less-than-truckload), truckload logistics and intermodal brokerage, and domestic and international air.

Headquartered in Cudahy, WI, Roadrunner Transportation Systems Inc has 4,502 employees and is currently under the leadership of CEO Curtis W. Stoelting.

For a complete fundamental analysis analysis of Roadrunner Transportation Systems Inc, check out Equities.com’s Stock Valuation Analysis report for RRTS.

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To get more information on Roadrunner Transportation Systems Inc and to follow the company’s latest updates, you can visit the company’s profile page here: RRTS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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